The Ghana Stock Exchange (GSE) closed October on a positive note, with the benchmark GSE Composite Index (GSE-CI) gaining 1.38 per cent in the week ended October 30, 2026. The GSE-CI closed the week at 14,302.27 points, up from 14,107.58 points the previous week. This growth is attributed to the dominance of telecommunications giant, MTN Ghana. Year to date, the index has gained 63.08 per cent.
In contrast, the GSE Financial Stock Index (GSE-FSI) moved in the opposite direction, shedding 0.54 per cent to close at 7,388.15 points from 7,428.53 points. Its year-to-date gain stands at 58.98 per cent. Despite this, market capitalisation of the bourse rose 0.54 per cent to GH¢268,153.09 million, compared with GH¢266,720.26 million a week earlier. Since the start of the year, market capitalisation has grown by 55.86 per cent.
Investor activity was mixed during the week. A total of 10,533,334 shares changed hands, a 14.76 per cent decline from the 12,357,387 shares traded the previous week. However, in value terms, turnover edged up 0.20 per cent to GH¢56.52 million, from GH¢56.41 million. The Information and Communication Technology (ICT) sector was the clear leader, accounting for 6,961,512 shares valued at GH¢45.45 million.
This represents 66.09 per cent of total volume and 80.42 per cent of total value traded. Finance followed a distant second with GH¢4.99 million, ahead of Food and Beverage (GH¢2.69 million), Insurance (GH¢1.95 million) and Distribution (GH¢959,954.62). MTN Ghana was by far the most active stock, with 6,945,157 shares worth GH¢45.39 million.
The telecom giant gained 3.53 per cent over the week to close at GH¢6.75, up from GH¢6.52, and has appreciated 60.71 per cent since January. GCB Bank was the second most traded stock by value at GH¢1.99 million, followed by Enterprise Group Limited (EGL) at GH¢1.63 million, Guinness Ghana Breweries Limited (GGBL) at GH¢1.53 million and Camelot Ghana (CAL) at GH¢1.00 million.
Trading was largely subdued for most of the week, apart from Wednesday, October 28, when turnover surged to GH¢41.50 million on 6,878,491 shares. GCB Bank led the gainers, appreciating 4.60 per cent to GH¢42.08 from GH¢40.23. MTN Ghana followed, while Kasapreko gained 2.21 per cent to close at GH¢1.85.
Fifteen stocks recorded price movements during the week, with three advancing and 12 declining, resulting in an average price change of negative 2.53 per cent. Despite the weekly pullback, several counters remain well ahead for the year. Intravenous Infusions Limited (IIL) leads with a 980 per cent gain, followed by Clydestone (670 per cent) and Hords Limited (650 per cent).
Key points
- The Ghana Stock Exchange's benchmark index gained 1.38% in the week ended October 30, 2026.
- The GSE Financial Stock Index shed 0.54% during the same period.
- MTN Ghana was the most active stock, with 6,945,157 shares worth GH¢45.39 million.
